Turning My Home Into an Investment: The Start of My Real Estate Journey

[Sean King]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $132,000
Cash invested: $10,000

started as a 4 bedroom 1 bath single floor no crawlspace ranch style home. Currently in the process of looking for an interior designer to help with remodel ideas.

What made you interested in investing in this type of deal?

i actually bought this house to live in with an ex girlfriend of mine.

How did you find this deal and how did you negotiate it?

found this home through a realtor was able to work the finial price down due to some things that needed fixed.

How did you finance this deal?

FHA loan and a few thousand down

How did you add value to the deal?

lived in it for a few years also doing some remodeling

What was the outcome?

still in progress

Lessons learned? Challenges?

paying a mortage by yourself, bills, Upkeeping the house. insurance, tax's